Welcome To Trust In Equity

Blog

Do I Need to Revisit My Mortgage? 
The Mortgage in the Drawer dilemma.

Have you ever considered trying to lower your monthly mortgage payments? 

This week we continue our video mini-series to help answer common questions on mortgages: purchases, and refinances.

Mortgage Drawer Scenario, Why You Need to Consider a Refinance or Resetting the Amortization Schedule on Your Mortgage What do I need to know about mortgages if I'm a first time home buyer?

Refinance options can help lower monthly payments on your mortgage, or even aid in securing a better rate. This video is about The Mortgage in the Drawer Dilemma, watch it below and learn why you need to consider a refinance: 

*Below is a transcription of the video. 

The Mortgage in the Drawer Scenario:

As we talk with people, we often find those who have a mortgage, maybe six to ten years old, and they haven't done anything with it since, ever. They have literally put the paperwork in a drawer, in a file, and have never touched it again.

What are the Benefits of Pulling Out the Mortgage Papers?

All About the Amortization Schedule

If you never look at it, you're going to be paying the amortization schedule on the original principal of your loan. So, it depends on what your rate is - if you bought back when rates were 6-8% percent and maybe you borrowed $200,000 – you’re paying your mortgage off of that amortization schedule.

How We Find Value in "Old" Mortgages.

At Trust in Equity, we take a look at your mortgage and review it. Maybe the rates have now reached a point now where it makes sense for you to refinance, but more importantly you're resetting your amortization schedule. Depending on your exit strategy, whether you want to get into a 15 year for retirement purposes or maybe just get your monthly cash flow down, we can get you into another 30 year. 

Just Open the Drawer! 

The mortgage in the drawer scenario is less of a dilemma and more of an opportunity. It's a starting point. Where you pull the mortgage papers out of that drawer and see what options you have. You really could be saving in the long run. 


Are you ready to pull that mortgage out of the drawer and explore an opportunity? 

Larry is with Trust in Equity and if you want to explore your refinance options, give us a call or fill out our contact form.

 

Most Recent

You Have the Credit, Now Get the Mortgage Loan

By Trust in Equity
November 21, 2018 Category: Mortgage Loans, Mortgages, Credit Scores

You Have the Credit, Now Get the Mortgage Loan Trust in Equity has partnered with Virteom to educate our customers and users through video. In this weeks blog, we talk about mortgage loans backed by a strong credit score. Trust in Equity is a mortgage broker in Avon Ohio that services the surrounding areas and Greater Cleveland. Watch our video below to learn more. How to Choose a Mortgage Lender? Bring your mortgage needs to us! At Trust in Equity, we work with about 10 different lenders to bring you the best mortgage for your specific needs. First, we will create your profile, including assessing your credit. After we build a strong credit profile, we put the scenario out to all of our lenders. Heres where we make the difference; since were on the wholesale end of things, we have the ability to offer the best rates on the market. How Does the Mortgage Process Work? At Trust in Equity, you get more than just applying for a mortgage loan. We begin our intake process by assessing

Is the Lowest Mortgage Rate Always the Best Value?

By Trust in Equity
November 08, 2018 Category: Mortgage

Hello everyone, on todays blog we have Dan from Virteom, and one of Trust in Equitys own, Larry. Weve been giving you guys this nice cool little mini video series if you havent seen these videos - check out all the other videos. Theres a lot of good stuff on how to refinance your mortgage and so on and so forth. Is the lowest mortgage rate always the best value? *below is a transcription of the video Today we thought wed have a little bit of fun and were going to talk about what you should do if youre looking for paint. If you go to your local hardware store and youre looking to buy paint and all that kind of stuff what should they do? Larry what do you want them to do here. A lot of times you hear these commercials about you know buy this paint, get this paint, its the best brand out there. Its like 90 dollars a gallon, right? Yeah. Just because its the most expensive doesnt mean its the best paint for you. Same thing could be said about mortgages just because the rates youre

Mortgage Refinance Opportunities with Trust in Equity

By Trust in Equity
October 30, 2018 Category: Refinance, Mortgage, Home Refinance

Mortgage Refinance Opportunities with Trust in Equity (Ohio) We continue our video series this week with Dan and Larry. This time, they are discussing refinances. Trust in Equity are mortgage brokers based in Avon, Ohio servicing Greater Cleveland. To learn about refinances, watch the video: *below is a transcription of the video. What We Look at In a Mortgage Refinance Most of the time with refinances, were looking to take your existing mortgage. We look at your rate and term of the mortgage, see if it makes sense to maybe change the term and lower your monthly payment as a result. Or, we may look at the interest rates, see if theres a way to reset it that would make sense for you moving forward. Repairing Your Home or Consolidating Debt? One of the other things that we can do with refinances is take cash out of the equity of your home. Ive got a lot of people do that to consolidate debt or maybe do repairs on their home. Reviewing the Term Rateof Your Mortgage Lets say Ive

Categories
Mortgage (5)
Refinance (3)
Home Refinance (3)
Home Loans (2)
Refinancing (1)
Refinance Loan (1)
FHA (1)
VA Loan (1)
Jumbo Loan (1)
USDA Loan (1)
First Time Home Buyer (1)
PMI (1)
Mortgage Tips (1)
Mortgage Loans (1)
Mortgages (1)
Credit Scores (1)
+ Show More